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Education Management Stock Hits New 52-Week Low (EDMC)

Education Management Corporation (Nasdaq:EDMC) hit a new 52-week low Friday as it is currently trading at $11.86, below its previous 52-week low of $11.90 with 26,138 shares traded as of 9:58 a.m. ET. Average volume has been 223,400 shares over the past 30 days.

NEW YORK ( TheStreet) -- Education Management Corporation (Nasdaq: EDMC) hit a new 52-week low Friday as it is currently trading at $11.86, below its previous 52-week low of $11.90 with 26,138 shares traded as of 9:58 a.m. ET. Average volume has been 223,400 shares over the past 30 days.

Education Management has a market cap of $1.51 billion and is part of the services sector and diversified services industry. Shares are down 57.2% year to date as of the close of trading on Thursday.

Education Management Corporation provides post-secondary education in North America. The company has a P/E ratio of eight, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Education Management as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Education Management Ratings Report.

After meteoric growth in the '90s, for-profit colleges have come under intense government scrutiny that's sent shock waves through the industry. Just ask Corinthian College, Education Management and Career Education.